Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Masters of the Universe teaser
    Videos

    Masters of the Universe Teaser Reveals Nicholas Galitzine as He-Man

    January 22, 2026 3 Min Read
    Bridgerton Season 4 trailer
    EntertainmentVideos

    Bridgerton Season 4 Trailer Reveals Benedict’s Love Story

    December 26, 2025 2 Min Read
    Christopher Nolan The Odyssey trailer
    Videos

    Christopher Nolan Drop ‘The Odyssey’ Trailer

    December 23, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan Navy seeks Rs.15b for fleet modernisation
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Pakistan > Pakistan Navy seeks Rs.15b for fleet modernisation
Pakistan

Pakistan Navy seeks Rs.15b for fleet modernisation

Web Desk
By Web Desk Published March 31, 2015 2 Min Read
Share
SHARE

As part of a massive fleet modernisation plan, the Pakistan Navy is seeking Rs15 billion over the next three years for its needs, a request that the acting naval chief made directly to Finance Minister Ishaq Dar.

Acting Chief of Naval Staff, Vice Admiral Khan Hasham Bin Siddique met the minister yesterday, at the finance ministry, seeking funds to meet the navy’s more urgent needs, as well as future requirements of the naval forces, according to a handout issued by the ministry. The acting naval chief sought over Rs2 billion for meeting immediate requirements and another Rs15 billion for future needs, said an official after the meeting.

The meeting indicates that the Pakistan Navy wants to go for major defence procurements over the next few years, aimed at modernising its fleet. As the smallest of Pakistan’s three armed services, the navy usually gets only one-tenth of the total stated defence budget, with the bulk going to the army. The direct meeting with the finance minister suggests that the navy is keen to get its needs fulfilled.

For his part, the finance minister was supportive of the idea of fleet modernisation, but asked the navy to go through the joint staff headquarters of the armed forces. “The minister directed that a complete picture of Armed Forces Development Plan (AFDP) be presented in consultation with the Joint Staff Head Quarters to assess the budgetary requirements over the next three years,” said the official handout.

However, Dar was also quoted as saying: “If there is a need, the government will not hesitate to help the navy through budgetary support.”

The federal government separately provides funds for the AFDP. This funding is over and above the traditional defense budget and usually ranges between Rs165 billion to Rs200 billion. For the current fiscal year, the government has allocated Rs165 billion under the heading “contingent liabilities”, but is meant for meeting the development needs of the military.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Recent Posts

Basant school holidays fake notification

Fake Basant School Holiday Notice Debunked by Punjab Govt

Ali Zafar Meesha Shafi defamation case

LHC Orders Verdict in Ali Zafar–Meesha Shafi Defamation Case

Jason Gillespie PSL Hyderabad

Jason Gillespie Named Head Coach of PSL’s Hyderabad Franchise

Post Archives

More Popular from Photonews

Kendol Maryam Nawaz fashion debate
Punjab

Ken Doll Sparks Debate by Linking Punjab’s Development to Maryam Nawaz’s Fashion

2 Min Read
Iman Mazari arrest
Pakistan

Iman Mazari and Husband Arrested Near Islamabad High Court

2 Min Read
IMF Pakistan Super Tax recovery
Pakistan

IMF Urges Pakistan to Recover Super Tax to Close Revenue Gap

2 Min Read
Pakistan

Fazlur Rehman Urges Parliament to Reject Trump’s Board of Peace

Jamiat Ulema-i-Islam (F) chief Maulana Fazlur Rehman on Friday called on Parliament to reject U.S. President…

January 23, 2026
Entertainment

DJ Fat Tony Recalls Victoria Beckham’s Awkward Dance at Brooklyn’s Wedding

Celebrity DJ DJ Fat Tony has shared new details about an uncomfortable moment involving Victoria Beckham…

January 24, 2026
Punjab

Lahore High Court Weighs Social Media Ban for Children Under 16

The Lahore High Court is considering whether to restrict social media use for children under the…

January 28, 2026
Tech

Nintendo Brings Virtual Boy Games to Switch Online in 2026

Nintendo is giving its most infamous hardware experiment a second life by adding Virtual Boy titles…

January 28, 2026
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog
  • About Us
  • Privacy Policy
  • Code of Ethics & Editorial Standards

© 2026 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?